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BUSINESS COMBINATION (Tables)
 12 Months Ended
Dec. 31, 2018
Business Combinations [Abstract]  
Schedule of Business Acquisitions
The actual amount of MacArthur Place’s revenue and earnings (losses) included in the Company’s consolidated statement of operations for the year ended December 31, 2017, and the unaudited pro forma revenue and earnings (losses) of the combined entity assuming the acquisition had occurred on January 1, 2017 are as follows (in thousands):
 
 
Revenue
 
Loss
MacArthur Place from October 2, 2017 - December 31, 2017
 
$
1,939

 
$
(1,381
)
Supplemental pro forma for 1/1/2017 - 12/31/2017 (unaudited)
 
$
12,982

 
$
(4,318
)
The following table summarizes the consideration paid for MacArthur Place and the fair value of the assets acquired and liabilities assumed as of the acquisition date (in thousands):
Consideration:
 
 
Cash
 
$
16,794

Loan proceeds, net
 
18,920

Total sources
 
$
35,714

 
 
 
Fair value of identifiable assets acquired and liabilities assumed:
 
 
Land and improvements
 
$
4,920

Building and improvements
 
13,650

Property and equipment
 
1,060

Trade name, customer relationships, and liquor license
 
990

Cash, receivables, inventory, and other assets
 
775

Accounts payable and accrued expenses
 
(217
)
Customer deposit liability
 
(821
)
Total identifiable net assets
 
20,357

Goodwill
 
15,357

Total uses
 
$
35,714

 
 
 
Acquisition-related costs (included in professional fees, and general & administrative expenses in the consolidated statement of operations for the year ended December 31, 2017)
 
$
656